- Copart’s 4th quarter revenue matches estimates at $1.07 billion, reflecting a 7.2% increase year-over-year.
- Service revenue reaches $893.1 million, up 7.1% year-over-year, but falls short of the $903.5 million estimate.
- Vehicle sales hit $175.9 million, marking a 7.7% increase year-over-year and surpassing the $166.7 million estimate.
- Operating income declines by 8% year-over-year to $359.5 million, missing the $411.8 million estimate.
- Analyst recommendations include 6 buys and 5 holds, with no sells reported.
Copart Inc on Smartkarma
Analyst coverage of Copart Inc on Smartkarma has shed light on the company’s recent performance and growth prospects. In a report by Baptista Research titled “Copart Inc.: Is The Growth In Non-insurance Business A Key Growth Catalyst? – Major Drivers,” key insights were provided. Copart, Inc. showcased a positive trend in its Q3 fiscal 2024 results, with a notable decrease in the total loss frequency rate. This trend was attributed to a decline in used vehicle prices and an uptick in repair costs. Despite challenges such as labor shortages and complex repairs, Copart’s Insurance business demonstrated resilience, recording a 6.8% YoY volume growth driven by increased storm-related activities.
A look at Copart Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Copart Inc shows a positive long-term outlook. The company scores high in Growth and Resilience, indicating strong future potential and stability. With a solid momentum score as well, Copart Inc seems to be on a path of steady progress in the market.
Copart Inc, a company that provides services for the processing and selling of salvage vehicles through auctions, demonstrates a promising outlook overall. While the Value and Dividend scores are relatively lower, the high scores in Growth and Resilience suggest that the company is well-positioned for long-term success in its sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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